Pakistan has signed a memorandum of understanding with global crypto exchange Binance to explore the tokenisation of up to $2 billion in sovereign bonds, treasury bills, and commodity reserves, according to the finance ministry. The initiative aims to enhance market liquidity, improve transparency, and attract a broader pool of domestic and international investors.

Tokenisation involves converting real-world assets into blockchain-based digital representations, enabling more efficient trading, settlement, and accessibility. The move is widely viewed as a strategic step toward modernising Pakistan’s financial infrastructure and aligning it with emerging global financial technologies.

In a related development, Pakistan has granted initial regulatory clearance to Binance and digital-asset platform HTX, allowing them to register with authorities, establish local subsidiaries, and begin preparations for full exchange licensing. Binance founder Changpeng Zhao described the development as a positive signal for both Pakistan and the global blockchain ecosystem.

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